HomeMy WebLinkAboutR02-052 Final Release of collateral for Blue Lake Filing V (2)FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE CORRECTION PERIOD
FOR
BLUE LAKE SUBDIVISION FILING V
PD- 207 -93 -f
WHEREAS, on March 14, 1994, Vantex Enterprises, Inc. ( "Subdivider ") and the Board
of County Commissioners of Eagle County, Colorado (hereinafter "Board ") entered into a
Subdivision Improvements Agreement (hereinafter "Agreement ") concerning the development of
Blue Lake Subdivision Filing V; and
WHEREAS, both the Subdivider and the Engineering Department state that the work
required under the Agreement is complete and acceptable and the Engineering Department
recommends full release of the remaining collateral and the termination of the Subdivision
Improvements Agreement, see Exhibit "A," attached hereto and incorporated herein by this
reference. Based upon the oral and written recommendations of the County staff, THE BOARD
FINDS that the Subdivider's obligations under the Agreement have been satisfied.
WHEREAS, upon the recommendation of the Engineering Department and the
dedication by Subdivider, Eagle County accepts the following roadways for maintenance and
inclusion in the Eagle County Road Inventory:
1. A new road called Buckhorn Drive, extending from the north side of JW Drive, in
the northerly direction for approximately 1,104 feet (0.209 miles) to the end. The south end of
Buckhom Drive is approximately 1,150 feet north of the intersection of JW Drive and State
Highway 82.
2. A new road called Buckhorn Circle, extending from the south side of Buckhorn
Drive in the southerly direction for approximately 100 Feet (0.018 miles) to the end. The
beginning of Buckhorn Drive is approximately 215 feet west of the intersection of JW Drive and
Buckhom Drive.
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3. An extension of an existing road called Black Bear Trail from the west end in the
westerly direction for approximately 2,101 feet (0.398 miles) to the intersection with Goose
Lane.
Commissioner moved adoption
of the following Resolution:
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BOARD OF COUNTY COMMISSIONERS
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COUNTY OF EAGLE, STATE OF COLORADO
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RESOLUTION NO. 2002- AnEZ '
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FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE CORRECTION PERIOD
FOR
BLUE LAKE SUBDIVISION FILING V
PD- 207 -93 -f
WHEREAS, on March 14, 1994, Vantex Enterprises, Inc. ( "Subdivider ") and the Board
of County Commissioners of Eagle County, Colorado (hereinafter "Board ") entered into a
Subdivision Improvements Agreement (hereinafter "Agreement ") concerning the development of
Blue Lake Subdivision Filing V; and
WHEREAS, both the Subdivider and the Engineering Department state that the work
required under the Agreement is complete and acceptable and the Engineering Department
recommends full release of the remaining collateral and the termination of the Subdivision
Improvements Agreement, see Exhibit "A," attached hereto and incorporated herein by this
reference. Based upon the oral and written recommendations of the County staff, THE BOARD
FINDS that the Subdivider's obligations under the Agreement have been satisfied.
WHEREAS, upon the recommendation of the Engineering Department and the
dedication by Subdivider, Eagle County accepts the following roadways for maintenance and
inclusion in the Eagle County Road Inventory:
1. A new road called Buckhorn Drive, extending from the north side of JW Drive, in
the northerly direction for approximately 1,104 feet (0.209 miles) to the end. The south end of
Buckhom Drive is approximately 1,150 feet north of the intersection of JW Drive and State
Highway 82.
2. A new road called Buckhorn Circle, extending from the south side of Buckhorn
Drive in the southerly direction for approximately 100 Feet (0.018 miles) to the end. The
beginning of Buckhorn Drive is approximately 215 feet west of the intersection of JW Drive and
Buckhom Drive.
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3. An extension of an existing road called Black Bear Trail from the west end in the
westerly direction for approximately 2,101 feet (0.398 miles) to the intersection with Goose
Lane.
4. A new road called Goose Lane, extending from the western end of Black Bear
Trail in the easterly direction for approximately 1,938 fee (0.367 miles)
WHEREAS, the correction period required by Consent No. 99 -21 be terminated.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board hereby authorizes the full and final release of the remaining collateral
and the termination of the Subdivision Improvements Agreement for Blue Lake Subdivision
Filing V.
THAT, this document shall be recorded in the Records of the Eagle County Clerk and
Recorder, which shall be evidence that the warranty period for Blue Lake Subdivision Filing 5
has been successfully completed and that the Subdivider's obligations under the Agreement are
complete.
THAT, the remaining collateral held in Bank One Escrow Account No. 1014058610 be
returned to the Subdivider.
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MOVED, READ AND ADOPTED by the Board of County Commissioners of the
County of Eagle, State of Colorado, at its regular meeting held the day of iti emh, 4 '
2002.
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Commissioner seconded adoption of the foregoing resolution. The roll
having been called, e vote was as follows:
Commissioner Michael C. Gallagher _
Commissioner Am M. Menconi C4
Commissioner Tom C. Stone
This Resolution passed by vote of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
G. \jks\resolutions \final release Blue Lake Subdivision
File No. 84 -33
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EAGLE COUNTY ENGINEERING
TO: Janice Scofield
Eagle County Attorney's Office
FROM: Justin Hildreth, PE
Project Engineer, Engineering Department
DATE: March 15, 2002
RE: Blue Lake Filing 5 SIA
Termination of Warranty Period and Subdivision Improvements Agreement and the
Acceptance of Buckhorn Drive, Black Bear Trail, Goose Lane and Buckhorn Circle for
County Maintenance. "Subdivision and Off -Site Improvements Agreement, Blue Lake
Subdivision Filing V, PD- 207- 93 -f," Rec. No 530893 Dated March 14, 1994.
On February 22, 2002, I inspected the public improvements covered by the above referenced
Subdivision Improvements Agreement (SIA) in need of correction. I recommend that this SIA be
terminated, and that the remaining collateral be returned to the Subdivider, Vantex Enterprises,
Inc.
In the resolution terminating the SIA please add that Eagle County accepts the following
roadways for maintenance and inclusion in the Eagle County Road Inventory:
A new road called Buckhorn Drive, extending from the north side of JW Drive, in the northerly
direction for approximately 1,104 feet (0.209 miles) to the end. The south end of Buckhorn
Drive is approximately 1,150 feet north of the intersection of JW Drive and State Highway 82.
A new road called Buckhorn Circle, extending form the south side of Buckhorn Drive in the
southerly direction for approximately 100 feet (0.018 miles) to the end. The beginning of
Buckhorn Drive is approximately 215 feet west of the intersection of JW Drive and Buckhorn
Drive.
An extension of an existing road called Black Bear Trail from the west end in the westerly
direction for approximately 2,101 feet (0.3 98 miles) to the intersection with Goose Lane.
A new road called Goose Lane, extending from the western end of Black Bear Trail in the
easterly direction for approximately 1,938 feet (0.367 mile)
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MEMORANDUM
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EAGLE COUNTY ENGINEERING
TO: Janice Scofield
Eagle County Attorney's Office
FROM: Justin Hildreth, PE
Project Engineer, Engineering Department
DATE: March 15, 2002
RE: Blue Lake Filing 5 SIA
Termination of Warranty Period and Subdivision Improvements Agreement and the
Acceptance of Buckhorn Drive, Black Bear Trail, Goose Lane and Buckhorn Circle for
County Maintenance. "Subdivision and Off -Site Improvements Agreement, Blue Lake
Subdivision Filing V, PD- 207- 93 -f," Rec. No 530893 Dated March 14, 1994.
On February 22, 2002, I inspected the public improvements covered by the above referenced
Subdivision Improvements Agreement (SIA) in need of correction. I recommend that this SIA be
terminated, and that the remaining collateral be returned to the Subdivider, Vantex Enterprises,
Inc.
In the resolution terminating the SIA please add that Eagle County accepts the following
roadways for maintenance and inclusion in the Eagle County Road Inventory:
A new road called Buckhorn Drive, extending from the north side of JW Drive, in the northerly
direction for approximately 1,104 feet (0.209 miles) to the end. The south end of Buckhorn
Drive is approximately 1,150 feet north of the intersection of JW Drive and State Highway 82.
A new road called Buckhorn Circle, extending form the south side of Buckhorn Drive in the
southerly direction for approximately 100 feet (0.018 miles) to the end. The beginning of
Buckhorn Drive is approximately 215 feet west of the intersection of JW Drive and Buckhorn
Drive.
An extension of an existing road called Black Bear Trail from the west end in the westerly
direction for approximately 2,101 feet (0.3 98 miles) to the intersection with Goose Lane.
A new road called Goose Lane, extending from the western end of Black Bear Trail in the
easterly direction for approximately 1,938 feet (0.367 mile)
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Blue Lake Subdivision F5, Warranty Release a U m
March 15, 2002 cY) o
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Page 2 of 2
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If you have any questions, please contact me at 328 -3567 or by Intranet email, if you have any m
questions.
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cc: Helen Migchelbrink, County Engineer
Brad Higgins, Eagle County Road & Bridge Director
E. J. Chupik, Vantex Enterprises, Inc.
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